India: The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has cleared the proposed merger of Sanghi Industries Limited with Ambuja Cements Limited, a crucial step in Adani Group's rapid consolidation of its cement business. The appointed date for the merger is 1 April 2026. The scheme will become effective once all procedural formalities are completed and statutory filings are made.
With the merger now approved, Sanghi Cement's assets, liabilities and authorised capital will be fully absorbed into Ambuja Cements. The company stated that the consolidation will enable better resource utilisation, cost efficiencies, elimination of overlapping functions, and improved shareholder value.
Ambuja Cements acquired a controlling 56.74% stake in Sanghi Industries in August 2023, marking Adani's first major deal in the cement sector after acquiring Ambuja and ACC in 2022. The Sanghi buyout was aimed at strengthening the group's manufacturing footprint in western India, especially Gujarat, and securing access to Sanghi's valuable limestone reserves and port infrastructure.